Newly married in 2017. I sold my home in
2017 (the year we were married). I moved into my wifes home after we married.
We will move into a newly purchased home November 2018. For tax year 2017 I
propose we file as each married, separately and I put sell of my home on my
taxes and take the 250,000 exclusion. We will probably sell my wifes home in
2018 or 2019. So for tax year 2018 or 2019, I propose we both file married
separately, but my wife reports sell of her house, and takes the 250,000
exclusion. Years thereafter sell of wifes home, we will begin filing married
jointly. We itemize for deductions since itemizing is better then the standard
deductions. I've read Pub 523. Is this the best way to handle taxes for our situations, years
2017, 2018, and/or 2019 (depending on if we sell my wifes home in 2018 or
2019)?
